for the past year, hawkeye, inc., had a cost of goods sold of $67,382. at the end of the year, the accounts payable balance was $12,089. How long on average did it take the company to pay off its suppliers during the year?
Answers
It took Hawkeye, Inc. about 65.53 days to pay off its suppliers during the year. This is an approximation based on the available information and could vary if additional data were provided.
The APT ratio measures the number of times a company can pay off its average accounts payable balance during a specified period. First, let's find the APT ratio: Accounts Payable Turnover (APT) ratio = Cost of Goods Sold / Average Accounts Payable
Hawkeye, Inc. has a Cost of Goods Sold (COGS) of $67,382 and an ending Accounts Payable balance of $12,089. Since we do not have the beginning balance for accounts payable, we'll use the ending balance as an estimate for the average balance throughout the year.
This means that Hawkeye, Inc. paid off its suppliers approximately 5.57 times during the year.
Now, let's find the average payment period:
Average Payment Period = 365 days / APT ratio
Average Payment Period = 365 days / 5.57 ≈ 65.53 days
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Related Questions
What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answers
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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Marta is interviewing candidates for a position in the Human Resources department at her company. She is deciding who to interview by going through resumés and looking at the subject areas in which each candidate studied. Which four candidates would be the best choice for Marta to interview?
Answers
Answer:
C). Marisol, who studied communications and business
Explanation:
Marisol would be the best candidate to be interviewed for the position in the HR department as she has studies business and communications which is critical to ensure effective communication between the employee and the business. The HR professionals primarily function as the link between the two and help in maintaining healthy employee relations. They act as the leaders in the organization and with their efficient organization, decision-making, and management skills, they ensure the smooth functioning of the organization. Since Marisol has studied business and communications, she must possess these skills which would be the most suitable for the position. Hence, option C is the correct answer.
Answer:
B: Michelle, who studied communications and business
an oligopoly is an industry market structure with part 2 a. a single firm in which the entry of new firms is blocked. b. a small number of firms each large enough to impact the market price of its output. c. many firms each too small to impact the market price. d. many firms each able to differentiate their product.
Answers
A market structure known as an oligopoly has a small number of enterprises that are individually sufficiently large to have an impact on the market price of their output.
How does the oligopoly market structure work?In oligopoly markets, a limited number of suppliers control the market. They are present in every nation and a wide variety of industries. While some oligopoly markets are much more competitive than others, others can at least appear to be so.
Describe an oligopoly. Part 2 Is a market arrangement called an oligopoly?A market structure known as an oligopoly is one that has few competitors and high entrance barriers. An oligopoly is a market structure with few competitors and entrance restrictions. As each company decides on prices, quantities, and advertising to maximize profits, there is frequently intense competition between businesses.
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A restaurant plans to use a new food delivery service. The food delivery service charges $5. 48 for every 2 meals delivered, plus a $3. 50 service fee. What is the slope of this situation?.
Answers
Based on the amount the food delivery service charges for every 2 meals delivered, the slope of this situation is $2.74.
How to find the slope?The slope of a situation refers to the change in the dependent variable as a result of a unit change in the independent variable.
The independent variable in this situation is the number of meals delivered so the slope will be the amount that the food delivery service charges for every meal that they deliver.
You may get the slope of the line by determining the rise and the run using two of the line's points. The rise and the run are terms used to describe changes in height between two places. Rise divided by Run gives you the slope. Rise + Slope = Rise + run = slope.
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As a sales executive at a large corporation, sonya earns____for every big sale she makes. jessica, who works full time in the company’s finance department as an accountant, earns____.
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As a sales executive at a large corporation, sonya earns commissions for every big sale she makes. jessica, who works full time in the company’s finance department as an accountant, earns fixed salary.
What is a commission?a payment made to a representative or employee in exchange for doing business on their behalf or rendering a service. Particularly: a portion of the funds received from the overall amount paid to the agent in charge of the business. For each automobile he sells, a commission is given to him. 7.: the act of giving someone authority.
What is a fixed salary?
Basic monthly wage with fixed monthly allowances equals a fixed monthly salary. Basic monthly salary: This is a fixed payment that does not change from month to month, regardless of the performance of the employee or the business, or whether the employee takes a leave of absence for a personal or medical reason.
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Do you feel that this country has made adequate progress in providing women with rights that are equal to that of men? Explain your answer.
Answers
Answer:
Yes.
Explanation:
There are so many opportunities for women to rise to the level of, if not surpass men. The 70 cents to the dollar thing is entirely false, and when accounting for the field and position, women typically make more than men. For single mothers, there is the WIC program (women, infants and children), but can you name a program that specifically supports single fathers? And, somewhat related sidenote, there is the whole "believe all women movement", (which in itself is sexist, but I yield) could you imagine if someone started saying "believe all men"? There is no way that would go over well.
Why is career and technical education supported by the government?
Answers
Answer:
it is supported by the government because in order for you to pay taxes you need a job and when you have a job you get you payed and you use the money to pay for the taxed. really it is just a big circle
what is it called when the government uses some tool other than money to allocate goods?
A. rationing
B. supply management
C. disequilibrium
D. resource allocation
Answers
Its rationing easily
Bill wants to prepare his own taxes but wants a bit more guidance. He wants to file taxes without having to spend much money. What is his BEST option for filing taxes?
A. Prepare his taxes on her own.
B. Prepare his taxes with using an electronic tax program.
C. Hire someone to prepare his taxes.
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Answer: B. Prepare his taxes with using an electronic tax program.
Explanation: had this question and got it correct!
which phrase best completes the diagram?
Answers
the optimal mix of output is the most desirable combination of output attainable with existing
Answers
The superior mix of output is the most suitable aggregate of output manageable with current resources, technology, and social values.
Is the market mix of output and the gold standard mix of output continually the same?The market mix of output and the gold standard combine of output are continually the same. The market tends to underproduce public goods. Public choice idea emphasizes the function of self-interest in public decision-making.
Market failure implies that the market mechanism: Leads the economy to the incorrect combine of output. Market failure leads to: Public items being under-produced.
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Bumble, after watching Bimble's analysis, wants to predict the amount of spending (S) from customers' duration of stay (minutes), age (years), and gender (0 = male, 1 = female) according to the sample data. 6-1 Run an appropriate regression model and report the coefficients below. (select from the dropdown) *If a variable should not be used, select the number "0" (zero). Spending (S) =
Answers
Therefore, the regression equation for the given sample data is $S = -6.32 + 0.036M + 1.54A - 22.23G$.
Given: Bumble wants to predict the amount of spending (S) from customers' duration of stay (minutes), age (years), and gender (0 = male, 1 = female) according to the sample data. The regression equation of spending (S) can be calculated as follows:
$$S = b_0 + b_1M + b_2A + b_3G + \epsilon$$
where,$b_0$ = intercept$b_1$ = regression coefficient for minutes$b_2$ = regression coefficient for age$b_3$ = regression coefficient for gender$\epsilon$ = error term
To determine the regression coefficients, we need to use the data provided in the sample data table. Here, the independent variables are minutes, age, and gender, whereas the dependent variable is spending (S).On calculating the regression coefficients using the sample data, we get:$S = -6.32 + 0.036M + 1.54A - 22.23G$
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What was the most important message that BTS taught you personally?
I think it was definitely to be more confident in myself and not care about what people think. I think the song that I loved the most was 21st century girl, it really boosted my love and admiration for myself as a girl, in a society (where I live )where we aren’t considered much. Words like “you’re worth it” really stuck with me. So to sum it up , they taught me to love myself for who I was, to stand up for what I think is right and not care about what people think of me, or the fact that they don’t think much of me because I’m girl, lol.
(What about you ARMY)
Answers
I remember being really shy and I kept everything to myself, but BTS taught me to open up more and love myself and believe in what I can do, as well as not let people bring me down with just words, that is why I like listening to songs like MIC Drop, Not Today, and ON
What happens when the price of a good increases? The quantity of goods that are produced increases. The producer of the good is certain to make less money. The quantity of goods that are produced decreases. The quantity of goods that are produced stays about the same.
Answers
Answer:
Quantity of goods that are produced an increase
Explanation:
Looking at a Supply/Demand chart, you can see as Prices increases, supplier are willing to produce more. The lower the price, the fewer producers are willing to produce. The demand line represents how much the customer is willing to buy at the price while the supply line represents how much the producer is willing to produce at that price. So if you set the price high, fewer people will purchase goods, but producers will produce more for higher profits.
When the price of a good increases the demand of that product decrease so that the product quantity will increased . Hence option A is correct.
What is Demand and Supply ?When you look at a supply and demand chart, you can see that suppliers are eager to produce more as prices rise.
Less manufacturers are willing to produce the more the price is reduced. While the supply line shows how much the manufacturer is willing to produce at that price, the demand line shows how much the buyer is willing to buy at that price.
Therefore, if you raise the price, fewer people would buy the goods, but manufacturers will make more for greater profits.
While other factors remain constant, if a good's price increases, fewer people will buy it. The quantity requested of a good rises when the price of that good decreases.
The correlation between a good's price and quantity desired when all other factors continuing to influence purchase intentions.
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When we combine stocks in a portfolio, the amount of risk that is eliminated depends on the degree to which the stocks face common risks and move together.
a. True
b. False
Answers
When we combine stocks in a portfolio, the amount of risk that is eliminated depends on the degree to which the stocks face common risks and move together.
The statement is correct.
Now, According to the question:
Risk:
Risk denotes the change in return which can happen due to certain circumstances. A risk averse investor takes additional risk only when investor receives additional compensation for bearing additional risks.
The risk amount which will be eliminated when we will combine stocks will depend on the common risks faced by stocks and also their movement. When the degree of common risks and the tendency of stocks to move together are low then the amount of risk that can be eliminated is high.
Therefore, given statement is correct.
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When discussing choosing a Cunningham for the jury, Atticus says, “When you analyze it, there was little risk. There’s no difference between one man who’s going to convict and another man who’s going to convict, is there? There’s a faint difference between a man who’s going to convict and a man who’s a little disturbed in his mind, isn’t there?
Answers
Atticus says they're pοοr grοwers, but want tο get by οn their οwn. Hοwever, they pay in crοps because that's all they can dο, If they need tο hire peοple.
Atticus has nοthing against the Cunninghams, but Scοut dοes n’t knοw any better. She said tο Calpurnia, “ he ain’t cοmpany, Cal, he’s just a Cunningham.
”She alsο says that he lοοks like he was raised οn fish fοοd. After Scοut explained why she was frenetic at Walter, he tοld her tο put herself in his shοes. That yοu nοway really knοw a persοn unless yοu see the wοrld in their pοint οf view.
The Finches are analοgοus tο the Cunninghams because bοth families are cοnsidered pοοr because οf the Great Depressiοn, indeed thοugh the Cunninghams have lοwer. The are different because οf sοcial class.
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Which of the following can force wages down?
Answers
The option that can force wages down is option C. recession
What is a recession?In economics, a recession refers to a business cycle reduction, shrink or contraction that happens when there is a general fall or downward flow or decline in economic activity. Recessions commonly happens when there is a widespread drop in spending. Recession may affect or reflect in the economy by causing unemployment and downward pressure on wages.
Therefore, considering salary increase will not result in wages reduction but increases it. Promotion implies that there will be increase in the usual wages. As individual moves up the ladder of the job, so the pay moves up.
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The complete question goes thus:
Which of the following can force wages down?
A. Salary increase
B. Promotion
C. Recession
D. none of the above
Do you think wealth taxes are a good idea? why or why not? defend your position.
Answers
I believe that wealth taxes are a good idea because it gives room for government to redistribute income, a source of revenue to government and also helps in the infrastructural development in the country.
What is a wealth tax?A wealth tax is a tax on an entity's asset holdings. Personal assets include cash, bank deposits, property investment, assets in insurance and pension plans, ownership of businesses, financial securities, and personal trusts.
A wealth tax can effectively reduce wealth concentration at the very top because if the wealthy must pay a percentage of their wealth in taxes each year, it becomes more difficult for them to amass even more wealth.
Proponents see the wealth tax as a way for the government to increase its public spending coffers by taking money from those who don't really need it. Such a tax generally applies only to the wealthiest, and it can be argued that the money it costs them has no effect on their quality of life.
In conclusion, it's important to generate revenue as well as the redistribution of income.
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you speak to a business owner that is taking in almost $2,000 in revenue each month. The owner still say that they’re having trouble keeping the doors open. How can that be possible? Use the terms revenue, expenses, and profit/ loss in your answer.
Answers
EXPLANATION
Explanation:
a business man with such amount in revenue every month most really be earning high his business must be lucrative. They are having trouble keeping the doors open this can only mean that the expenses made by the business man is higher p than the profit he is gaining, soo he is making a lot of loss for him not to be able to open any doors.
by the way to keep doors open mean to make things move forward now or later in the future/or make things in possible, in the case of this business man he can't move things forward so he is going to or is already suffering from diminishing returns in business. Thank you.
Which is NOT a fee you need to worry about with a checking account?
Answers
Answer:
It depends on the bank provider. All bank providers have different fee policies.
Explanation:
There is no specifc answer to this.
Create a comic strip, poster, or other visual art presentation that illustrates the forces of supply and demand, just as the dance routine in Supply and Dance, Man illustrated it using
the example of selling canes. Invent a fictitious business and illustrate how the business's successes shift supply and demand. Identify the supply and demand factors at play.
Answers
Answer:
demand is equal to 1000 and factors is equal to 5000
Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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Please hurry!!!!!Which of the following is not a method used by careful consumers?
Compare stores and prices on an item
O Look for bargain brands and bulk pricing
Make a shopping list
O Buy a random item that is offered on special discount, today only
Answers
Answer:
last option
Explanation:
I just know so
Answer:
the last option - this is a marketing technique used to give the customer a sense of urgency
A model that shows the trade-offs and opportunity costs of producing an additional unit of a good relative to what must be given up in the production of another good.
Answers
Answer:
production possibilities curve (PPC)
Explanation:
The PPC is used to explain the tradeoffs that producers face when having to choose between 2 different alternative products or services. The more they choose of one product, the less they will be able to produce of the other product. Opportunity costs are the associated costs or benefits lost resulting from choosing one activity or investment over another alternative.
Which of these factors is most likely to lead to an increase in wages?
the formation of a labor union
a government with a budget surplus
the use of an assembly line
outsourcing and offshoring
Answers
Answer:
the formation of a labor union
Explanation:
Labor unions are often formed for this purpose. Workers have more power when they join together in a union. This way they are able to demand higher wages and other things like better working conditions.
If people are finite-lived, Ricardian equivalence can fail because lifetime wealth will change for those currently alive. people cannot predict the future. this implies taxes must be distorting. there is intragenerational redistribution.
Answers
True. Ricardian equivalence can fail due to finite lifespans, uncertainty about the future, distorting taxes, and intragenerational redistribution.
Ricardian equivalence is an economic theory that suggests that changes in government borrowing and debt levels have no effect on consumer behavior. However, it can fail in certain circumstances. Finite lifespans mean that individuals cannot predict the future accurately, leading to changes in lifetime wealth for those currently alive.
Uncertainty about the future undermines the assumption that individuals will save or adjust their consumption based on expected future taxes. Distorting taxes, such as progressive income tax, can create intertemporal and intragenerational redistribution, influencing individual consumption decisions.
These factors challenge the validity of Ricardian equivalence and suggest that taxation policies can have real effects on consumer behavior and resource allocation.
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Which of the following is not an advantage of personal selling?
A.) ability to get immediate action
B.)ability to cultivate relationships
C.)relatively low cost
D.)ability to be individually tailored
Answers
Answer:
C.)relatively low cost
Explanation:
Personal selling involves the use of a sales team to engage customers and convince them to buy. It is a one-on-one interaction between the seller and potential buyer.
Personal selling is a costly affair. Each salesperson can only engage one client at a time. To engage a large number of customers, a big team of salespeople is required. The hiring of good salespeople, training them, salaries, bonuses, and commissions can be expensive.
Department stores that practice everyday low pricing typically provide frequent sale days,early-bird savings, and bonus earnings for store credit-card holders. (true or false)
Answers
Answer: False
Explanation: no explanation
question one please. thank you
Answers
Answer:
companies like Nike Inc have mission statements to attract the attention of the public .. thereby making it more easy to sell their products in the market
A diversification strategy should enable a company or its individual business units to create value in the value chain to:
a. increase cost.
b. manage industry partnerships.
c. establish differentiation and increase pricing options.
d. maintain cost.
Answers
A diversification strategy should enable a company or its individual business units to create value in the value chain to c. establish differentiation and increase pricing options.
A diversification strategy is designed to help a company or its individual business units create value in the value chain by entering new markets, developing new products or services, or establishing new partnerships.
By doing so, the company can establish differentiation and increase pricing options, which can help it to compete more effectively in the market. This can result in increased revenue and profitability. The goal of a diversification strategy is not to increase costs or maintain costs, but rather to create new opportunities for growth and value creation.
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